Saracen reports solid first half

Gold miner Saracen Mineral Holdings has reported an 89% increase in net profits after tax for the six months to December, as gold production increased by 55% from the previous corresponding period.

Saracen on Tuesday announced that net profits for the six months ending December had reached A$14.9-million, after revenues increased by 47%, to A$186.6-million, after gold production reached 127 692 oz.

Saracen reports solid first half

Gold miner Saracen Mineral Holdings has reported an 89% increase in net profits after tax for the six months to December, as gold production increased by 55% from the previous corresponding period.

Saracen on Tuesday announced that net profits for the six months ending December had reached A$14.9-million, after revenues increased by 47%, to A$186.6-million, after gold production reached 127 692 oz.